For 2019, the IRS increased the amount you can put away in your 401(k), 403(b) and most government plans — from $18,500 in 2018 to $19,000. The “Catch-Up” contribution amount remained the same at $6,000 for those 50 and older.

Annual Limits
2018
2019
401(k), 403(b), 457, 402(g) Deferral Limit $18,500  $19,000
401(k), 403(b), 457 “Catch-Up”  $6,000  $6,000
415 Defined Contribution Plan Limit $55,000 $56,000
415 Defined Annual Compensation Limit $275,000 $280,000
IRA Contribution Limit  $5,500  $6,000
IRA “Catch-Up”  $1,000  $1,000
SIMPLE 401(k) $12,500 $13,000
SIMPLE “Catch-Up”  $3,000  $3,000
Social Security Wage Base $128,400 $132,900
Health Flexible Spending Arrangement $2,650 $2,700
HSA “Catch-Up” $1,000  $1,000
HSA Single Contribution Limit $3,450 $3,500
HSA Family Contribution Limit $6,900 $7,000

 

We are here to help! Contact us at (888) 388-1040.

OUR PAYROLL EXPERTS